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Will the new Spain-Colombia BIT Model accelerate the transition to a Multilateral Investment Court?

Photo by David Carrero Fernández-Baillo / Unsplash

On 15 June 2021, the Spanish Council of Ministers issued a resolution authorising* the signing of a new Agreement for the reciprocal promotion and protection of investments (APPRI) with the Republic of Colombia, which incorporates cutting-edge provisions. It replaces the APPRI signed between the two countries in 2005.

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